ProFrac Holding Corp (NASDAQ:ACDC) has a beta value of -58.19% and has seen 905.37 shares traded in the last trading session. The company, currently valued at $1.50B, closed the last trade at $9.62 per share which meant it gained $3.32 on the day or 9.37% during that session. The ACDC stock price is -11.23% off its 52-week high price of $10.70 and 60.19% above the 52-week low of $3.83. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.93 million shares traded. The 3-month trading volume is 1.22 shares.
The consensus among analysts is that ProFrac Holding Corp (ACDC) is Buy stock at the moment, with a recommendation rating of 61.86. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 2 have rated it as a Hold, with 2 advising it as a Buy. 0 have rated the stock as Underweight.
ProFrac Holding Corp (NASDAQ:ACDC) trade information
Sporting 9.37% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the ACDC stock price touched $9.62 or saw a rise of 10.09%. Year-to-date, ProFrac Holding Corp shares have moved 22.64%, while the 5-day performance has seen it change 3.42%. Over the past 30 days, the shares of ProFrac Holding Corp (NASDAQ:ACDC) have changed 44.38%. Short interest in the company has seen 4.01 million shares shorted with days to cover at 3.66.
Wall Street analysts have a consensus price target for the stock at $6.75, which means that the shares’ value could drop -42.52% from current levels. The projected low price target is $6.5 while the price target rests at a high of $7.0. In that case, then, we find that the current price level is 27.23% off the targeted high while a plunge would see the stock lose 32.43% from current levels.
ProFrac Holding Corp (ACDC) estimates and forecasts
The company’s shares have gained 26.79% over the past 6 months.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -9.18% -13.22% over the past 5 years. Earnings growth for 2025 is a modest -7.08% while over the next 5 years, the company’s earnings are expected to increase by 38.19%.
ACDC Dividends
ProFrac Holding Corp is expected to release its next earnings report on 2025-May-07 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
ProFrac Holding Corp (NASDAQ:ACDC)’s Major holders
Insiders own 90.39% of the company shares, while shares held by institutions stand at 10.81% with a share float percentage of 112.49%. Investors are also buoyed by the number of investors in a company, with ProFrac Holding Corp having a total of 143.0 institutions that hold shares in the company. The top two institutional holders are CRESTVIEW PARTNERS III GP, L.P. with over 3.33 million shares worth more than $24.69 million. As of 2024-06-30, CRESTVIEW PARTNERS III GP, L.P. held 2.0801% of shares outstanding.
The other major institutional holder is VANGUARD GROUP INC, with the holding of over 1.93 million shares as of 2024-06-30. The firm’s total holdings are worth over $14.28 million and represent 1.2028% of shares outstanding.
